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Norman Broadbent

  • BY: Andrew Hore |
  • POSTED: 02/01/2017 |

Executive search and interim management company Norman Broadbent has sold its 51% stake in Social Media Search Ltd (SMS), previously known as Connecting Corporates Ltd, to that company’s boss.

SMS is loss-making and an intercom any loan of £653,000 has been written off by Norman Broadbent and an additional loan of up to £10,000 is being made until the end of June 2017. The disposal price is £325,000 but this is made up of £32,500 immediately and £4,875 in 60 monthly instalments. Norman Broadbent will also receive 10% of operating profit during the period of deferred payments. 

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